Takuma Co (6013) AI Stock Analysis

• Market Cap: ¥212.96B
• Dividend Yield: 3.11%
• Average Volume (3M): 212.20K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.61
• Revenue Growth: 1.25%
• EPS Growth: -3.97%
• Country: JP
• Employees: 4,278
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 59.69
• Shares Outstanding: 80,536,800
• 10 Day Avg. Volume: 155,200
• 30 Day Avg. Volume: 212,200
• PEG Ratio: 0.67
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.95
• P/FCF Ratio: -22.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 159.04
• Revenue Forecast (FY): ¥167.37B

• Rating: 69 Neutral
• Price Target: ¥2,959.00 ▲(33.77% Upside)
• Action: Downgraded Date: 02/28/26
• Date: Action: Downgraded 02/28/26

The score is driven primarily by solid financial stability and profitability, tempered by meaningful cash flow weakness. Technically, the trend is positive but indicators show overextended momentum, and valuation is moderate with a supportive dividend yield.

Positive Factors

Profitability / Margins

Sustained gross and net margin improvement signals durable project-level profitability and pricing discipline across EPC and equipment sales. Higher margins provide ongoing cushion to absorb project cost swings and fund reinvestment in services and product development over the medium term.

Balance Sheet Strength

A high equity ratio and low leverage give the company stable financial flexibility to bid on large public projects, withstand construction risks, and support capex or retrofit investments without immediate refinancing pressure, strengthening resilience over coming quarters.

Recurring Services / Steady Revenue

An installed base that generates O&M, parts and retrofit work creates recurring, higher-margin revenue that smooths cyclical EPC receipts. Combined with modest revenue growth, this supports more stable cash inflows and margin preservation across multi-year maintenance cycles.

Negative Factors

Weak Cash Generation

Negative free cash flow and weak operating cash conversion constrain the company’s ability to self-fund projects, service investments, and build cash buffers. Over a 2-6 month horizon this heightens reliance on external financing or working-capital management, raising execution risk.

Margin Volatility / Project Risk

Variable EBIT/EBITDA margins point to sensitivity to project mix, cost overruns, and contract timing typical of large EPC work. This structural volatility can cause uneven profitability and cash flows across reporting periods, complicating planning and investment decisions.

Dependence on Public Tenders

Heavy exposure to municipal tenders and industrial capex cycles makes revenue lumpy and tied to public budgets and policy timing. Tender-driven order intake can produce multi-quarter variability in utilization and backlog, limiting revenue visibility and predictability.

Takuma Co Business Overview & Revenue Model

Company Description

Takuma Co (6013) is a Japanese company primarily engaged in the manufacturing and development of advanced industrial equipment and systems, particularly in the fields of energy, environmental technology, and industrial automation. The company focuses on providing innovative solutions that enhance operational efficiency and sustainability for various sectors including manufacturing, construction, and utilities. Takuma is known for its core products that include waste-to-energy systems, industrial boilers, and advanced control systems that cater to both domestic and international markets.

How the Company Makes Money

Takuma primarily makes money by contracting and delivering large-scale plants and related equipment, and by earning recurring revenue from long-term services tied to those installations. Key revenue streams typically include: 1) Plant engineering, procurement, and construction (EPC) / equipment sales: Takuma wins orders to build waste-to-energy incineration facilities, biomass power plants, industrial boiler systems, and other environmental/energy plants. Revenue is recognized as it supplies major equipment (e.g., boilers, furnaces, flue-gas treatment systems, power generation-related components) and performs design, project management, and construction/installation work under customer contracts (often municipalities for waste-to-energy and industrial firms for boilers/energy systems). 2) Operation & maintenance (O&M), parts, and after-sales services: After commissioning, plants require periodic inspections, repairs, refurbishment, and replacement parts. Takuma earns service fees through maintenance contracts and parts supply, which can provide more stable, recurring income compared with one-off construction projects. 3) Lifecycle upgrades and retrofits: Environmental and efficiency requirements can drive demand for plant modifications (e.g., performance improvements, compliance-related upgrades). Takuma can generate additional revenue by executing retrofit projects at existing customer sites. Significant factors influencing earnings generally include the flow of public-sector waste facility tenders in Japan, industrial capital spending on energy/boiler systems, the company’s installed base that supports ongoing maintenance demand, and project execution (cost control, schedule management, and risk management) on large, long-duration contracts. Specific named partnerships or customer-by-customer contract terms are not available in the provided context and are therefore null.

Takuma Co Financial Statement Overview

Summary

Strong profitability and balance sheet strength (improving gross and net margins; high equity ratio and low leverage) are offset by weak cash generation, with negative free cash flow and a negative operating cash flow to net income ratio.

Income Statement

Takuma Co has shown consistent revenue growth, with a 1.34% increase in the latest year. Gross profit margin improved to 22.03%, and net profit margin increased to 6.87%, indicating strong profitability. However, fluctuating EBIT and EBITDA margins suggest potential volatility.

Balance Sheet

The company maintains a strong equity position, with an equity ratio of 56.95%. The debt-to-equity ratio is low, indicating low leverage and financial stability. Return on equity improved to 9.56%, reflecting efficient use of equity.

Cash Flow

Takuma Co's free cash flow remains negative, indicating cash flow challenges. The operating cash flow to net income ratio is also negative, highlighting operating cash flow issues. The company needs to improve cash generation to support operational and investment needs.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	149.28B	151.16B	149.17B	142.65B	134.09B	146.73B
Gross Profit	33.64B	33.31B	29.22B	31.27B	25.91B	26.56B
EBITDA	14.65B	15.47B	12.03B	14.95B	10.89B	11.46B
Net Income	9.37B	10.39B	8.76B	9.62B	7.43B	7.53B
Balance Sheet
Total Assets	175.19B	196.41B	191.18B	179.69B	174.53B	177.74B
Cash, Cash Equivalents and Short-Term Investments	61.53B	39.43B	45.34B	65.24B	42.98B	44.42B
Total Debt	1.16B	12.12B	800.00M	288.00M	396.00M	5.73B
Total Liabilities	69.22B	86.84B	80.18B	78.52B	80.18B	87.19B
Stockholders Equity	105.02B	108.73B	110.34B	100.60B	93.91B	90.14B
Cash Flow
Free Cash Flow	0.00	-6.37B	-17.23B	26.38B	7.49B	-3.97B
Operating Cash Flow	0.00	-4.07B	-12.22B	32.19B	9.00B	-1.68B
Investing Cash Flow	0.00	1.26B	-8.44B	-5.60B	-2.39B	-2.05B
Financing Cash Flow	0.00	938.00M	-3.38B	-4.28B	-9.11B	1.90B

Takuma Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2212.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6013, the sentiment is Negative. The current price of 2212 is below the 20-day moving average (MA) of 2942.85, below the 50-day MA of 2751.58, and below the 200-day MA of 2377.13, indicating a neutral trend. The MACD of 29.89 indicates Positive momentum. The RSI at 37.21 is Neutral, neither overbought nor oversold. The STOCH value of 35.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6013.

Takuma Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9551	76 Outperform	¥120.09B	21.86	12.54%	1.84%	13.86%	51.05%
6370	72 Outperform	¥807.56B	16.97	6.61%	1.58%	5.02%	-27.41%
6331	72 Outperform	¥71.25B	11.99	16.37%	2.79%	31.48%	16.11%
6013	69 Neutral	¥212.96B	10.37	9.02%	3.11%	1.25%	-3.97%
6368	68 Neutral	¥619.04B	23.01	―	1.43%	7.87%	38.32%
7004	66 Neutral	¥161.96B	-49.70	―	2.41%	2.47%	1.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%